BTC/USDT

Technical analysis:
Current Trend: Strong bearish trend.

Multiple Breaks of Structure (BoS) and Change of Character (CHoCH) to the downside confirm bearish momentum.

Price is trading below the equilibrium (0.5 Fibonacci level) and in the discount zone, suggesting bearish control.

Recently broke through a support zone with a large bearish candle—this indicates strong selling pressure.

Premium/Discount Zone: Price is deep in the discount zone, which is usually a potential reaction or accumulation zone—but still bearish unless strong reversal signs appear.

Fibonacci Levels:

0.618 (~83,500–84,000): Was rejected previously, confirming strong resistance.

0.382 (~81,000–81,500): Price fell below this, turning it into possible resistance.

Support Zone: Around 76,800–77,200 area, where price might react or consolidate.
Trade Setup (If You’re Looking to Short):

Entry: Consider re-entry on a pullback toward the 0.382 or 0.5 retracement level (~80,500–81,500).

Take Profit (TP):

TP1: ~76,800 (previous weak low).

TP2: ~74,000 (next support / liquidity zone).

Stop Loss (SL):

Above the recent structure or premium area.

Suggested SL: ~82,200 or just above the 0.5 Fib retracement.

Alternative Scenario (Reversal Watch):

If price consolidates here and shows a CHoCH to the upside, a short-term bullish reversal could occur. Watch for:

Break above 0.382 / 0.5 level with bullish FVG fill.

Entry on retest of 79,500–80,000 with bullish confirmati